Nagavara Ramarao Narayana Murthy (Kannada: ನಾಗವಾರ ರಾಮರಾಯ ನಾರಾಯಣ ಮೂರ್ತಿ; born 20 August 1946) better known as N. R. Narayana Murthy, is an Indian industrialist and software engineer. He and six other engineers found infosys in 1981. Murthy was CEO from 1981-2002.In 2011 he became chairman emeritus.
Early life
Born into a Kannada Madhwa Brahmin family in Mysore, Karnataka on August 20, 1946. Murthy graduated with a degree in electrical engineering from the National Institute of Engineering, University of Mysore in 1967 after attending government school. He received his master's degree from IIT Kanpur in 1969.
[edit]Career
His first position was at IIM Ahmedabad as chief systems programmer where he worked on a time-sharing system and designed and implemented a BASIC interpreter for ECIL (Electronics Corporation of India Limited).
After IIM Ahmedabad, he joined Patni Computer Systems in Pune. Before moving to Mumbai, Murthy met his wife Sudha Murthy in Pune who at the time was an engineer working at Tata Engineering and Locomotive Co. Ltd. (Telco, now known as Tata Motors) in Pune.
Along with six other engineers, Murthy co-founded Infosys in 1981 in Pune with an initial capital of 10,000 rupees, which was borrowed from his wife Sudha Murty. Murthy served as the CEO of Infosys for 21 years and was succeeded by co-founder Nandan Nilekani in 2002.At Infosys he articulated, designed and implemented the Global Delivery Model which has become the foundation for the huge success in IT services outsourcing from India. He also lead the company through several key decisions including its listing on the Indian stock exchange and on the NASDAQ.
He had the executive position of Chairman of the Board from 2002 to 2006, when he became the "non-executive" Chairman of the Board and Chief Mentor. In August 2011, he retired completely from the company and taking the title Chairman Emeritus.
[edit]Board memberships
Murthy serves as an independent director on the boards of HSBC, DBS Bank and Unilever. He also serves on the boards of the Ford Foundation, UN Foundation, Indo-British Partnership, and NDTV. He is the chairman of the Governing board of Public Health Foundation of India
He is a member of the Advisory Boards and Councils of the Stanford Graduate School of Business, the Corporate Governance initiative at theHarvard Business School, the Indian School of Business, Cornell University committee on academic affairs, the committee on alumni affairs and development at Yale University, the William F. Achtmeyer Center for Global Leadership at the Tuck School of Business, and theUniversity of Tokyo’s President's Council.
He is a member of the Board of Directors of INSEAD, the Board of Overseers of the Wharton School of the University of Pennsylvania,Singapore Management University, Asian Institute of Management (AIM), the Board of Members of School of Management at Asian Institute of Technology (AIT), Asia Business Council and Business Advisory Council of Great Lakes Institute of Management and International Institute of Information Technology - Bangalore.
He also serves as a British Telecommunications.
[edit]Personal life
His wife, Sudha Murthy (née Kulkarni), is an Indian social worker and accomplished author. She is known for her philanthropic work through the Infosys Foundation. Her sister, Jayashree Despande is wife of enterpreneur and founder of US-based Sycamore Networks, Gururaj Deshpande.
They have two children - Rohan and Akshata. Rohan is married to Venu Srinivasan's (of TVS motors) daughter Lakshmi Venu. Akshata Murthy is married to Rishi Sunak.
Murthy is the brother-in-law of serial entrepreneur Gururaj "Desh" Deshpande and the uncle of former NASSCOM Chairman and MphasiSchief Jerry Rao.
[edit]Awards and honours
| Year | Name | Awarding organization | |
|---|---|---|---|
| 2010 | IEEE Honorary Membership | Institute of Electrical and Electronics Engineers. | |
| 2010 | Foreign Associate Member | United States National Academy of Engineering. | |
| 2008 | Padma Vibhushan | President of India. | |
| 2008 | Officer of the Legion of Honor | Government of France. | |
| 2007 | Commander of the Order of the British Empire (CBE) | Government of United Kingdom. | |
| 2007 | IEEE Ernst Weber Engineering Leadership Recognition | Institute of Electrical and Electronics Engineers. | |
| 2003 | Asia's Businessmen of the Year | Fortune magazine. | |
| 2003 | Indo-French Forum Medal | Indo-French Forum. | |
| 2003 | World Entrepreneur of the Year | Ernst and Young. | |
| 2001 | Wharton Business School Dean's Medal | University of Pennsylvania. | |
| 2001 | Max Schmidheiny Liberty Prize | Switzerland. | |
| 2001 | Nikkei Asia Prize | Nikkei Inc. | |
| 2000 | Padma Shri | President of India. | |
| 1998 | Distinguished Alumnus Award | Indian Institute of Technology Kanpur. | |
| 1996 | JRD Corporate Leadership Award | All India Management Association (AIMA). |
- 2005: In December 2005, Narayana Murthy was voted as the 7th most admired CEO/Chairman in the world in a global study conducted by Burson-Marsteller with the Economist Intelligence Unit .The economist ranked him 8th among the top 15 most admired global leaders (2005). He was ranked 28th among the world's most-respected business leaders by the Financial Times (2005). He topped the Economic Times Corporate Dossier list of India's most powerful CEOs for two consecutive years – 2004 and 2005.
- 2001: He was named by TIME / CNN as one of the twenty-five, most influential global executives, a group selected for their lasting influence in creating new industries and reshaping markets.
- 1999: BusinessWeek named him one of the nine entrepreneurs of the year and he was also featured in the BusinessWeek's 'The Stars of Asia' (for three successive years - 1998, 1999 and 2000).
Books
- A Better India, A Better World
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